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why banks are rolling in dough. but first, bill moller joins us with a taxing hangover. what you need to know about next year's taxes is coming up after the break. not only are there new income tax laws that affect those forms you hopefully filed on time this year, there are new estate tax laws that will affect your estate planning. steven peck is an estate planning attorney. who would worry about this? i thought estate planning was just for the super rich. - almost everyone needs to be worried about estate planning, even if you are not over the tax limit - very few people actually are over the tax limit nowadays with the new exemption of $5.25 million. but, other people could be subject to it in the future. - there are aspects of estate planning that do affect a lot of people. for example, gift taxes. - right. the gift tax exemption was raised to the same level as the estate tax: the same $5.25 million. it was supposed to go down to a million, so this is a good opportunity for people to take advantage of this, because with the new budget proposal, there is a good chance they could lo
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